PANews reported on January 24 that according to the official website, the U.S. Securities and Exchange Commission (SEC) announced the withdrawal of crypto accounting policy SAB 121 in the latest employee accounting bulletin No. 122. The document withdraws the interpretative guidance contained in Topic 5.FF, entitled "Accounting for the Entity's Obligation to Protect Crypto Assets Held for Its Platform Users". Entities should withdraw Topic 5.FF in a fully retroactive manner during annual periods beginning after December 15, 2024. In addition, the SEC emphasized that entities should continue to be obliged to disclose risks associated with the custody of crypto assets in accordance with existing regulations.